Dollar opens session this Monday, with investors paying attention to pricing and waiting for new economic data
Understand what makes the price of the dollar rise or fall
The dollar opened the session this Monday (6). Ibovespa trading, the main index on the Brazilian stock exchange, begins at 10am.
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▶ The main highlight of the session in Brazil is the public hearing on international trade in the United States, to discuss the taxation of Brazilian products based on Section 301 of American commercial legislation. The expectation is that several companies, associations, governments and other interested parties will present their arguments before the US government's final decision.
▶ On the week's agenda, the highlight is the minutes of the last interest rate meeting of the Federal Open Market Committee (Fomc), of the Federal Reserve (Fed, the American central bank), which should contain comments on American interest policy under the management of the new US central banker, Kevin Warsh.
▶ In Brazil, the focus is on the Broad Consumer Price Index (IPCA) for June, scheduled for Friday (10). The expectation is that the indicator will show a slowdown, driven mainly by the drop in food prices.
See below for more details on the day in the market.
Dollar
a
Accumulated for the week: +0.02%;
Accumulated for the month: +0.10%;
Accumulated for the year: -5.84%.
Ibovespa
Accumulated for the week: +0.45%;
Accumulated for the month: +1.19%;
Accumulated for the year: +8.03%.
Trump's tariff is in the markets' sights
Public hearings promoted by the Office of the United States Trade Representative (USTR) begin this Monday (6), a stage considered decisive in the American trade investigation that proposes an additional tariff of 25% on Brazilian products.
The hearings are part of the process, based on Section 301 of American commercial legislation, and allow companies, associations, governments and other interested parties to present their arguments before the final decision of the United States.
The USTR is the body responsible for formulating United States trade policy. It also conducts investigations into practices considered harmful to American trade and may recommend measures such as the imposition of tariffs.
Representatives of Brazilian industry and agribusiness will be among the participants. They intend to convince the American government that the surcharge would harm not only Brazilian exporters, but also US companies, consumers and production chains.
Among the participants are the National Confederation of Industry (CNI), the Federation of Industries of the State of São Paulo (Fiesp), the Brazilian Association of the Machinery and Equipment Industry (Abimaq) and the Confederation of Agriculture and Livestock of Brazil (CNA), as well as representatives from the coffee, rice, sugar, corn ethanol, pig iron, ornamental rocks, wood, paper, footwear, honey and intellectual property.
Meanwhile, technical teams from the governments of both countries are expected to meet later this week to align preparations for a final round of high-level negotiations before July 15, the deadline in which Washington will decide whether to move forward with the imposition of tariffs.
Find out more in the article below:
Brazil goes to the US to try to stop Trump's tariffs; see the arguments from industry and agriculture
Global markets
On Wall Street, the indices remained closed this Friday (3), due to the early Independence Day holiday in the United States.
In Europe, stock markets closed on a general high. The pan-European STOXX 600 index reached another high of 652.35 points and closed up 0.7%.
Among the main indices, Germany's DAX rose 0.78%, while France's CAC-40 rose 0.39% and the United Kingdom's FTSE 100 rose 0.25%.
In Asia, stocks Chinese companies recovered this Friday, after a strong wave of sales among chip manufacturers in the previous session and still reflecting the US employment data, released the day before.
The CSI 300, which brings together the largest companies in Shanghai and Shenzen, rose 0.62%.
The Shanghai index, the SSEC, closed up 0.37%.
In Japan, the Nikkei index advanced 1.47%, while the Kospi, from South Korea, had an appreciation of 5.76% and the Hang Seng, from Hong Kong, had gains of 1.28%.
*With information from the news agency Reuters.
Dollar has been soaring in recent days
Cris Faga/Dragonfly/Estadão Conteúdo
Source: G1